How do you manage cash flow when purchasing large truckloads requiring upfront payments?
Replied byJim Rowe
Founder & CEO at Black Diamond Resale
Niche: Retail
Revenue: $70K/mo
Location: Ellensburg, Washington, USA
Started: 2020
Never purchase speculative freight with money you need for rent or basic operating payroll. We maintain a dedicated capital reserve funded strictly from previous inventory profits. When high-value lots appear on auction boards, we deploy cash reserves aggressively, liquidate fifty percent of the volume within seven days, and immediately replenish our operational bank account.
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